PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
The recent WAVES (Worldwide Achievers’ Visionary Event and Summit) conference in Mumbai witnessed a historic meeting between Prime Minister Narendra Modi and the top executives of Instagram, YouTube, and Adobe. The roundtable discussion, which was exclusive to Moneycontrol, brought together PM Modi with Instagram’s CEO Adam Mosseri, YouTube’s CEO Neal Mohan, and Adobe’s CEO Shantanu Narayen. The conversation focused on the opportunities and challenges faced by India’s creative industries, as well as the impact of Artificial Intelligence (AI) on the sector.
The discussion was a significant one, given the increasing importance of the creative industries in India’s economy. The sector has been growing rapidly, driven by the rise of digital technologies and the growing demand for entertainment, media, and communications services. The meeting was seen as a platform for PM Modi to engage with the leaders of some of the world’s most influential technology companies and understand their perspectives on the opportunities and challenges facing India’s creative industries.
According to reports, the discussion covered a range of topics, including the impact of AI on the creative industries. AI has the potential to revolutionize the way we create and consume content, but it also raises concerns about the potential for copyright infringement. The executives from Instagram, YouTube, and Adobe reportedly expressed their concerns about the threat posed by AI tools to the intellectual property of content creators. PM Modi, on the other hand, emphasized the need for the creative industries to adapt to the changing landscape and harness the power of AI to create new and innovative content.
The meeting was also seen as an opportunity for PM Modi to understand the perspectives of the global technology leaders on India’s creative industries. The executives from Instagram, YouTube, and Adobe reportedly praised India’s creative talent and the country’s potential to become a major hub for the global creative industries. They also highlighted the importance of government support and initiatives to foster the growth of the sector.
The discussion was not limited to AI and copyright infringement. The executives from Instagram, YouTube, and Adobe also shared their insights on the future of digital content creation and the role of India in this landscape. They reportedly emphasized the need for India to develop its own unique digital content creation ecosystem, rather than simply replicating the models of other countries.
PM Modi, on the other hand, focused on the need for the creative industries to work closely with the government to address the challenges facing the sector. He reportedly emphasized the importance of government support for initiatives such as digital literacy, skills development, and infrastructure development.
The meeting was also seen as a platform for PM Modi to engage with the Indian technology industry. The executives from Instagram, YouTube, and Adobe reportedly expressed their admiration for India’s technology talent and the country’s potential to become a major hub for the global technology industry. They also highlighted the importance of government initiatives such as Startup India and Make in India, which aim to promote entrepreneurship and innovation in the country.
In conclusion, the meeting between PM Modi and the executives from Instagram, YouTube, and Adobe was a significant one, given the importance of the creative industries in India’s economy. The discussion covered a range of topics, including the impact of AI on the sector, copyright infringement threats, and the need for government support and initiatives to foster the growth of the sector.
As India looks to position itself as a major hub for the global creative industries, such meetings are likely to play an important role in shaping the country’s strategy and approach to the sector. The meeting was a testament to the growing importance of India in the global technology landscape and the country’s potential to become a major player in the creative industries.
